TSC India Limited
Bookbuilding IPO · NSE
- Price band
- ₹68 - ₹70
- Lot size
- 2,000 shares
- Issue amount
- ₹25.88 cr
- Total subscription
- 68.28×
- Opens
- 23 Jul 2025
- Closes
- 25 Jul 2025
- Allotment
- 28 Jul 2025
- Listing
- 30 Jul 2025
Offer at a glance
Issue overview
- Issue size
- 36,98,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,36,000
- Fresh issue
- ₹25.88 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,40,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,03,50,000
- Shares after issue
- 1,40,49,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 4,000 | ₹2,80,000 |
| sHNI | 3 | 6,000 | ₹4,20,000 |
| bHNI | 8 | 16,000 | ₹11,20,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 18 |
| NIB | — | 5,604 |
| HNIs(10L +) | — | 3,520 |
| HNIs (2-10L) | — | 2,084 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.91 | 197.27 |
| RETAIL | 8.61 | 574.78 |
| HNIs 2+ | 1.23 | 92.47 |
| HNIs 10+ | 2.46 | 401.1 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 4.28 | 24.44 | 6.18 |
| ROE | 11.06 | 54.1 | 26.21 |
| ROCE | 9.66 | 27.39 | 12.67 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
The company, established in 2003, is a travel management firm specializing in air ticketing services, primarily catering to B2B and corporate clients. It offers end-to-end travel planning, including flight bookings and itinerary management, and works closely with airlines and travel agents to provide cost-effective solutions. With operations spread across key Indian cities such as Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, the company serves a diverse client base comprising travel agencies, corporate houses, and tour operators, maintaining a strong foothold in the B2B travel segment. As of June 30, 2024, it had over 2,100 registered customers and handled more than 420 bookings daily, over 3,000 weekly, and around 12,000 monthly. By September 30, 2024, the company employed 77 professionals across various departments, including Administration, Finance, HR, Projects, Procurement, R&D, Sales, Operations, and Design.
Strengths
- Live Travel Updates: The platform provides up-to-the-minute information on flight schedules and hotel availability, helping partners make faster, smarter decisions and enhance service for their clients.
- End-to-End Booking Support: From the initial query to final confirmation, the company handles the entire booking process, including pricing, customization, and modifications, ensuring a hassle-free experience.
- Quick Booking & Instant Confirmation: Bookings can be made and confirmed instantly, minimizing delays, preventing reservation issues, and boosting satisfaction for both partners and customers.
Risk factors
- Heavy Reliance on Travel and Tourism Sector: The company's earnings are closely linked to the global travel and tourism industry, which is highly vulnerable to economic shifts, geopolitical tensions, and environmental issues. A downturn in this sector could hamper its operations and future growth.
- Leased Office Infrastructure: All operational offices, including the head office and branches, function from leased spaces. Any lease termination, non-renewal, or unfavorable changes in terms could disrupt operations and impact financial stability.
- Dependence on Limited Suppliers: The company sources a major portion of its travel inventory from a few key suppliers. Any disruption or loss of these supplier relationships could shrink its service offerings and adversely affect overall business performance.
Promoters
Mr Ashish Kumar Mittal
Mrs Puja Mittal
Mr Vinay Gupta
Registrar & documents
Lead manager
Expert Global Consultants Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No. 3, 2nd Floor Midland Financial Centre, Plot No. 21-22, G.T. Road, Jalandhar, Punjab, 144001
+91-181-4288888
[email protected]Company website ↗Understanding TSC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.